Pharmaceuticals Wholesaling - Australia Market Research Report

Date Published: October 2017

A bitter pill: PBS reforms are expected to constrain revenue growth in the current year

Operators in the Pharmaceutical Wholesaling industry are an important link between local and international pharmaceutical manufacturers and Australia's community pharmacies. Pharmaceutical wholesalers procure, distribute and sell a range of pharmaceutical and medicinal products. These products include prescription medicines, pharmacy-only medicines, over-the-counter (OTC) medicines, other healthcare products and veterinary pharmaceuticals.Changes to the industry's operating environment and ongoing reforms to the Pharmaceutical Benefits Scheme (PBS) have constrained the industry's performance over the past five years...read more.

Industry Report - Industry Investment Chapter

The industry has low capital intensity, echoing trends in the general wholesale division. IBISWorld estimates that for every dollar spent on capital, $8.78 is spent on labour via wages and salaries. In line with the need to achieve productivity and profitability improvements, industry wholesalers have invested in various technology platforms and automated processes. At the same time, smaller warehouses have been closed and replaced by new, state-of-the-art warehousing systems, which operate on a higher volume. Considerable resources have also been invested into cold-chain systems. These developments have meant a higher degree of capital expenditure in the industry over the past five years. New facilities recently opened include Symbion's new high-tech $40.0 mi...purchase to read more.

Additional Insights for the
Pharmaceuticals Wholesaling
Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pharmaceuticals Wholesaling Industry are

Having links with suppliers

Financial support from a downstream activity

Having a clear market position

IBISWorld analysts also discuss how external factors such as Federal funding for the Pharmaceutical Benefits Scheme and Demand from pharmacies in the Pharmaceuticals Wholesaling industry impact industry performance..

The industry is made up of companies that wholesale pharmaceutical products, including prescription drugs, over-the-counter medicines and complementary or alternative medicines. It also includes companies involved in wholesaling veterinary drugs and medicines. The products are obtained from upstream manufacturers and distributed to hospitals, veterinarians and retail outlets, such as pharmacies and supermarkets.

“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- BB&T

- Synovus Financial Corporation

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- TradingPartners

- Rothstein Kass

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

- BB&T

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

- Synovus Financial Corporation

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

- TradingPartners

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

- Rothstein Kass

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

- Deloitte

“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

- Marshall & Stevens

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

IBISWorld’s Pharmaceuticals Wholesaling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Includes the necessary information to perform SWOT, PEST and STEER analysis.

Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.

Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Pharmaceuticals Wholesaling market research report includes:

Historical data and analysis for the key drivers of this industry

A five-year forecast of the market and noted trends

Detailed research and segmentation for the main products and markets

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pharmaceuticals Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.